KARACHI: Due to a decrease in the industrial output, mainly the auto industry, and a shift to re-gasified liquefied natural gas (RLNG) from furnace oil in power generation, the sales of petroleum products dropped to a six-and-a-half-year low at 4.42 million tons in the quarter ending September 30, 2019.
Oil sales have recorded a fall of 13%, as compared to the same quarter of the last year. This is the eighth successive quarter in which oil sales have continued to fall in the country, due to the drop in vehicle sales also causing a shrink in demand for petroleum products for the first time in a quarter in the past 10 years
Furthermore, availability of the relatively cheaper fuels like imported gas (RLNG) and coal have replaced the oil in the power sector over the past two years, which has caused the sales of oil products to drop to a six-and-a-half-year low in Pakistan.
For news and blogs, visit Graana.com.
Liaquat Pur is located near the eastern bank of the River Sutlej in the Rahim…
Jheel Park is located in P.E.C.H.S. Karachi. It offers a peaceful haven amidst the busy…
Formerly known as Chuhar Kana, Farooqabad is a small city in Punjab’s Sheikhupura district. It…
Amidst the fertile plains of Punjab, Pakistan, lies Kassowal, a town brimming with historical significance…
Located in Punjab, Pakistan, lies a small yet vibrant town called Chak Jhumra. Despite its…
The Ittefaq Group of Industries' family members founded Ittefaq Hospital in Lahore. Mian Muhammad Sharif…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
